Yeah - the company is protected from an outside takeover, but not an inside one. I've never looked to see how much stock Brett and Pete (or the other Board members) have.
Other than the Board members, we shareholders are pretty much irrelevant and insignificant to management. We get very little information about what is going on, and when we do get something it usually only creates more questions. But we certainly don't want to get in trouble with the SEC (wink, wink).